Stablecoins have been around for a long time since the advent of BitShares back in 2014. They’ve gotten more popular with the utilization of Tether on the Omni network and backed by the same people as BitFinex. Let’s dive straight in and discuss what they’re for.What are stablecoins?Stablecoins are a dollar-denominated #cryptocurrency. The supposed benefits are that you get the convenience of cryptocurrency (fast settlement, less regulatory hurdles, etc) with the stability of the dollar (or another fiat currency). This makes arbitraging between exchanges more convenient, for example, allowing for a more stable BTC price between exchanges.Generally, 1 token of the stablecoin (SteemIt Dollars, Basis, Tether, etc) is supposed to be worth $1. The rate fluctuates in the market as Tether’s (...)